How to carry out trade between China and Australia

How to carry out trade between China and Australia

China’s goods are colorful, cheap, which is universally recognized. Australia, relative to China, the material, especially the daily necessities are in lack of production capacity, so a lot rely on imports, especially from China. So how do you carry out trade in Australia and China.

Before you do business, first of all to determine their role in positioning. Australia’s businessman there are two forms: Small business, also known as sole trader, another is the owner, which is only one person’s business.

In general, the owner himself is the only or major operator, this form, owner is self-employed. The profit earned by this business is the owner’s personal income.

To register a sole trader, in fact, to register needs two things: business name and Australian Business Number (ABN). If you use your name to do business name, you do not have to pay the registration fee, because you have ownership of your name. But if you are willing to name this business, then you have to go to the relevant government departments to inquire whether anyone has registered the name, if not then you have to pay registration.

Please note that sole trader is just a business, not a company, legally speaking, it is infinite responsibility. If your business is insolvent and bankrupt, and all the assets in the business are used for repayment, you are still entitled to pursue your personal property. In other words, this business is not an independent legal entity.

Company: Corporate status

The Australian Companies Act provides that the Joint Stock Company Limited has an independent legal personality. It can participate in litigation and have assets; can also generate debt. Company shareholders have no other liability to the Company’s debts unless the relevant shareholders provide personal guarantees to the Company’s external debt.

Company directors request

At least one director. One of the directors must be a person who normally resides in Australia. Both residents and permanent representatives.

Shareholder requirements

At least one shareholder, no nationality restrictions. Shareholders and directors can be the same person.

Registered capital

Statutory capital of 1,000 Australian dollars registered, the proportion of shares, equity principal 1 RMB/ share.

Company secretary

There is no need to appoint a company secretary.

Registered address

The registered address must be in Australia.

In addition, according to the Australian law, the Australian business organizations can be divided into five forms: Individual and Sole Trader, Partnerships, Trust and Company.

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